Price Target that Piper Jaffray set was a decline from $70 to $67 per the posting at "street insider analyst rating CREE" with a Google Search. I have not seen any documentation where they set it at $52 so vermaatul1 you have incorrect info, where did you get your info?
According to this link (Google Search: "street insider analyst rating CREE") the Price Target is $67 not the $52 that someone put in their post yesterday.
Big boys have initiated a squeeze to those short holders anticipating that there will be higher short interest since CREE has lagged the market upswing. With significantly lower daily volume and long positions trenched in with commitment not to sell until reaches a more proper pps value the short interest will suffer exiting their position as the stock price jets upward. Should continue for at least 2 more days.
Sentiment: Strong Buy
Hey quantumwelldiver... Have you ever heard of a legal thing called a PATENT? I am sure CREE has and I am pretty sure they would protect their R&D with Patents.
As of Today it is now almost 9 days to cover instead of 6 days (add in regular buyers and sellers that are not covering a short position and it increases to 10 to 12 days). Average volume has dropped to 1.3 Million and yet there has been no negative news. The volume pressure build up will be there because longs get more trenched in for a price increase based on strong stock value and CREE keeps announcing innovations. When someone wants to get out of their short position shares and the squeeze begins there will be no sellers.
Nasdaq shows 11.5 Million Short Shares as of Jan 31. at that time vol. was up at 2.97 per day so said 3.94 days to cover. Now since daily volume lower then it will take over 6 days to cover positions.
Big Boys are going to have to pay a lot to get in on the rise since most those who are long are sitting tight and not selling
News Feed posted in Barron's 1 hour ago. Wedbush's Craig Irwin and Min Xu believe ... Panasonic capacity constraints resolved in 2014 as Panasonic shuttered capacity is re-commissioned to produce TSLA batteries, and the cost-out roadmap of savings for TSLA is a mid- to high-single-digit percent reduction in annual battery cost, which supports a continued upside tailwind of improved 2014 gross margins for the TSLA Model S.
Signal of price stabilization in the $170 area today, then most likely will go up by end of day preparatory to continued upward bullish movement. For TSLA to match the 100 day index level for the DOW would put the price at about $188; so should continue up until matches up there and fills that gap.
tsla analyst rating street insider ... I like to go here a lot cause there is so much detail on ratings.
When there is no justification for the downward price actions then it means the big boys are pushing it around and accumulating in preparation for the upswing rally. Just be patient cause there is not reason this stock is not at $90 or $91. There are 20K shares out there at $94.50 right now.